A Theory of the Firm

A Theory of the Firm

Author: Michael C. Jensen

Publisher: Harvard University Press

Published: 2003-09-30

Total Pages: 342

ISBN-13: 9780674012295

DOWNLOAD EBOOK

This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s.


Hollywood Highbrow

Hollywood Highbrow

Author: Shyon Baumann

Publisher: Princeton University Press

Published: 2018-06-05

Total Pages: 242

ISBN-13: 0691187282

DOWNLOAD EBOOK

Today's moviegoers and critics generally consider some Hollywood products--even some blockbusters--to be legitimate works of art. But during the first half century of motion pictures very few Americans would have thought to call an American movie "art." Up through the 1950s, American movies were regarded as a form of popular, even lower-class, entertainment. By the 1960s and 1970s, however, viewers were regularly judging Hollywood films by artistic criteria previously applied only to high art forms. In Hollywood Highbrow, Shyon Baumann for the first time tells how social and cultural forces radically changed the public's perceptions of American movies just as those forces were radically changing the movies themselves. The development in the United States of an appreciation of film as an art was, Baumann shows, the product of large changes in Hollywood and American society as a whole. With the postwar rise of television, American movie audiences shrank dramatically and Hollywood responded by appealing to richer and more educated viewers. Around the same time, European ideas about the director as artist, an easing of censorship, and the development of art-house cinemas, film festivals, and the academic field of film studies encouraged the idea that some American movies--and not just European ones--deserved to be considered art.


The Annenbergs

The Annenbergs

Author: John E. Cooney

Publisher: Simon & Schuster

Published: 1982

Total Pages: 456

ISBN-13:

DOWNLOAD EBOOK

"This is the colorful and dramatic biography of two of America's most controversial entrepreneurs: Moses Louis Annenberg, 'the racing wire king, ' who built his fortune in racketeering, invested it in publishing, and lost much of it in the biggest tax evasion case in United States history; and his son, Walter, launcher of TV Guide and Seventeen magazines and former ambassador to Great Britain."--Jacket.


Unthinking Mastery

Unthinking Mastery

Author: Julietta Singh

Publisher: Duke University Press

Published: 2017-12-07

Total Pages: 175

ISBN-13: 0822372363

DOWNLOAD EBOOK

Julietta Singh challenges the drive toward the mastery over self and others by showing how the forms of self-mastery advocated by anticolonial thinkers like Fanon and Gandhi unintentionally reproduced colonial logic, thereby leading her to argue for a more productive human subjectivity that is not centered on concepts of mastery.


Inside Agitators

Inside Agitators

Author: Hester Eisenstein

Publisher: Temple University Press

Published: 1996

Total Pages: 316

ISBN-13: 9781566393881

DOWNLOAD EBOOK

Is a "woman-friendly" state possible? Can women achieve full social citizenship? At a time when backlash against people of color, women, and the poor is accelerating, this account of the experiences of Australian feminists is illuminating: Australian feminists succeeded in making women's issues like child care and domestic violence part of the main stream political agenda.Inside Agitatorsis the first full-length study of the Australian femocrats published in the United States. Hester Eisenstein (herself a former femocrat) chronicles the efforts of a cohort of women, feminist bureaucrats, who changed the gender landscape—from the initial invitation to enter government by Labor in 1973 to the rise of neo-liberalism and the contemporary attack on the public sector. Connecting the femocrats to specifically Australian features of political culture and political economy, this book analyzes the implicit political theory of the femocrats. Eisenstein addresses the issues of strategies for social change, class, race and racism, sexuality and sexual politics, "gendered" experience, and accountability to the women's movement. This important study explores the possibilities and limits of the contemporary attempt by the women's movement to constitute women as a "gender interest," and to use state power as an instrument for social change. Author note:Hester Eisenstein, Professor in the Department of American Studies at the State University of New York at Buffalo, held posts at both the Office of Equal Opportunity in Public Employment and the Education Department in New South Wales, Australia. She is the author of several books, includingContemporary Feminist Thought.


Changing State Feminism

Changing State Feminism

Author: J. Outshoorn

Publisher: Springer

Published: 2007-10-11

Total Pages: 352

ISBN-13: 0230591426

DOWNLOAD EBOOK

Most Western democracies established women's policy agencies to improve the status of women by the 1990s. One of the book's key questions is how have women's policy agencies been able to develop, maintain or enhance their roles in the transformed political context and how have women's movements adapted to change in twelve states.


Ecological Politics

Ecological Politics

Author: Greta Gaard

Publisher: Temple University Press

Published: 1998

Total Pages: 350

ISBN-13: 1439903980

DOWNLOAD EBOOK

An illuminating account of two interconnected social movements from their grassroots origins in the 1970s to the 1996 Green presidential campaign.